It has been a helluva week… Finally found a good pot dealer in the neighborhood, some super duper smoke, so I’ve been doing a lot of photo editing and not too much trading. I have a comment from a wise trader who caught the huge reversal in financials trading UYG, a solid counter trend move…
I’m long miners and gold/silver, short discretionary, real estate and have some exposure to china, along with agriculture. I’m 10 dollars richer…
This past weekend I got drunker than the American consumer, only to find myself locked out of a friend’s apartment like a depositor in a bank run. Like Mike Shedlock, I rang the bells and made some calls, but too no avail, for my cries fell upon unattenuated ears, similar to the monkeys on Capitol…
20% of stocks are trading below their 200 day moving average, the VIX is hovering around 30, the White House is expected to release some sort of temporary stimulus package, and tomorrow is options expiration… my bet is on a dead cat bounce. Though I’m mostly in cash, I’ve taken a position in the badly…
Trading has many advantages, but articulating long term strategies is not one of them… Though I expect good things from the precious metals sector over the next year, today is the second day of high volume downwards action, confirming my thesis that there is a short term top in gold ~900. I’ve sold all my…
It has hardly been a few days since I posted my bullish thoughts on GLD, but what a difference a few days can make… With such a sharp run up in GLD, things looked good this morning as it continued to make new highs… but there was a sharp sell off today, but more importantly,…
Didn’t spend much time watching the markets today, settling instead for an informal lunch, matchmaking a friend from overseas with my father… but that is hardly why you read this site, so here is today’s news.It has been another bad day for the longs, with some extra face stomping, as the SPY gently broke through…
Surprise surprise, precious metals and related miners are up, retail, financials and real estate are down, and both the Swiss Franc and Yen continue to show strength, even though the market is posting a moderate move to the upside. A tip of the hat to Mike Shedlock, who has a great post over at MGETA…
After a solid jerk to the moans of Ms. Haze, I’m inclined to write a piece on an asset I’m bullish on, lest my dear reader assume I’m a total curmudgeon and hater. A slowing economy is often followed by falling interest rates, which in turn weakens the currency of that economy, thereby increasing the…
After a pot of coffee, a few shots of vodka/brandy, and hours of television, I cannot sleep, so I will join the thousands (millions?) of virtual entities on the web in publishing my mental drivel for all to see. The focus of this blog will be investing/trading, but I’m sure it will degenerate into drunk…